Friday, April 1, 2016

Huawei Rides High on 4G Network and Smartphone Sales

The company said its Carrier business group generated 232.3 billion yuan (35.8 billion dollars), up 21%, fuelled by widespread rollout of 4G networks. The Enterprise business group reported 27.6 billion yuan in annual revenue, an increase of 44% driven by "rapid growth in the public safety, finance, transportation, and energy sectors."

Finally, the Consumer business group reported revenue of 129.1 billion yuan (19.9 billion dollars), up 73%. Huawei said: "This increase was a direct result of increased demand for high-quality products that deliver a premium user experience, as well as Huawei's growing influence as a consumer brand."